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Tag Archives | credit freeze

There’s been a lot of interest in placing a security freeze on your credit reports. Consumers are interested because it prevents credit theft. Credit agencies are interested because it breaks their business model. Remember, nothing is free, someone’s getting paid for it somehow, and if you aren’t paying, you’re the product, not the customer.

I don’t usually do breaking news, but this one could be significant. Equifax, the US credit reporting agency is saying that up to 143 million records could have been disclosed. This happened on July 29th, and was just disclosed today.

Apparently there’s a proposed settlement for the Anthem breach. As a refresher, this was one of the largest data breaches on record, with roughly 80 million individuals data compromised. The settlement breaks records – for $115M. But is it a good settlement?